Greece is planning to invite investors to bid for permits to explore for oil and natural gas in the Ionian Sea, off the country’s west coast, and south of the island of Crete in the second half of this year.
The Qatar Investment Authority, which controls more than $100 billion of assets, said it’s ready to boost investment in the U.K. after acquiring stakes in British companies such as Barclays Plc and J Sainsbury Plc.
Kazakhstan President Nursultan Nazarbayev said he expects “serious” output from the nation’s largest oil deposit this year after waiting almost half his 23 years in office for the $48 billion project to start.
Total SA began life as Cie Francaise des Petroles, or CFP, almost a century ago. Thirty years since changing its name, the French oil giant is fighting to prevent its “Can’t Find Petroleum” moniker from coming back.